Coupang CPNG Business Segments
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total net revenues by Business | ||||||
| Developing Offerings | $5.23B+5.9% | $4.94B+7.5% | $4.6B+7.3% | $4.29B+7.5% | $3.99B+11.7% | |
| Product Commerce | $29.9B+1.0% | $29.59B+1.8% | $29.07B+3.9% | $27.98B+3.3% | $27.08B+1.4% | |
| Gross Profit by Business | ||||||
| Developing Offerings | $633M-6.2% | $675M-7.8% | $732M-5.8% | $777M-2.6% | $798M+9.9% | |
| Product Commerce | $9.49B+0.2% | $9.47B+1.2% | $9.36B+5.6% | $8.86B+5.2% | $8.42B+3.9% | |
| Total other segment items by Business | ||||||
| Developing Offerings | $1.79B+7.1% | $1.67B+8.1% | $1.55B+8.4% | $1.43B+1.0% | $1.41B+4.0% | |
| Product Commerce | $7.2B+3.1% | $6.98B+1.2% | $6.9B+3.9% | $6.64B+4.8% | $6.33B+3.8% | |
| Adjusted Earnings Before Interest, Tax, Depreciation and Amortisation by Business | ||||||
| Developing Offerings | -$1.16B-16.2% | -$995M-22.4% | -$813M-25.5% | -$648M-5.7% | -$613M+2.9% | |
| Product Commerce | $2.29B-7.7% | $2.49B+1.1% | $2.46B+10.6% | $2.22B+6.4% | $2.09B+4.1% | |
| Cost of Sales by Business | ||||||
| Developing Offerings | $4.6B+7.8% | $4.27B+10.4% | $3.87B+10.2% | $3.51B+10.0% | $3.19B+12.2% | |
| Product Commerce | $20.41B+1.4% | $20.13B+2.1% | $19.71B+3.1% | $19.12B+2.5% | $18.66B+0.3% | |
| Total net revenues by Product | ||||||
| Other revenue | $1.11B+0.3% | $1.11B+4.0% | $1.07B+6.6% | $1B+10.1% | $908M+10.5% | |
| Third-party merchant services | $7.32B+2.9% | $7.11B+3.5% | $6.87B+6.1% | $6.48B+6.3% | $6.1B+9.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Coupang break its business down?
- Coupang (CPNG) reports total net revenues by business across 2 parts — Developing Offerings and Product Commerce. Each is extracted from the segment footnotes and tracked over time.
- Where does Coupang's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Coupang's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
